Virginia Union University: Comprehensive Company Profile

Background

Overview

Virginia Union University (VUU), established in 1865, is a private, historically Black university located in Richmond, Virginia. Rooted in its African American heritage, VUU is committed to providing a nurturing, intellectually challenging, and spiritually enriching environment for learning. The university's mission is to empower students to develop strong moral values for success and to cultivate scholars, leaders, and lifelong learners prepared for a global society.

Vision Statement

VUU aspires to be a premier liberal arts urban institution of higher education and a center of excellence for the preparation of students and the development of leaders for tomorrow’s world.

Core Values

The university is guided by five fundamental principles:

Innovation: Fostering groundbreaking research, state-of-the-art technology, and top-tier curriculum.

Spiritual Formation: Encouraging practices that lead to ongoing spiritual growth and transformation.

Integrity: Upholding fairness, honesty, and truth in all actions.

Diversity & Inclusion: Valuing diverse perspectives and promoting a safe environment with dignity and respect.

Excellence: Delivering high-quality experiences and interactions committed to exceeding standards.

Key Strategic Focus

Academic Programs

VUU offers a broad range of educational opportunities across its four main schools:

Evelyn Reid Syphax School of Education and Interdisciplinary Studies

School of Arts and Sciences

Samuel DeWitt Proctor School of Theology

Sydney Lewis School of Business

Specialized Programs

The university's Theological training program, the Samuel DeWitt Proctor School of Theology, is a member of the Washington Theological Consortium, emphasizing its commitment to faith-based education.

Technological Integration

VUU integrates modern technologies into its operations, utilizing platforms such as Font Awesome, ADP, Moment.js, jQuery, PWA, Microsoft ASP.NET, IIS, and ShareThis to enhance educational delivery and administrative efficiency.

Financials and Funding

Financial Overview

For the fiscal year ending June 2024, VUU reported:

Revenue: $50,981,433

Expenses: $54,222,404

Net Assets: $74,312,006

Revenue Sources

The university's revenue composition includes:

Contributions: $16,330,346 (32.0%)

Program Services: $33,378,139 (65.5%)

Investment Income: $1,043,196 (2.0%)

Pipeline Development

Academic Expansion

VUU continues to develop its academic offerings, focusing on programs that align with its mission to prepare students for leadership roles in a global society. The university emphasizes liberal arts education, teaching, research, science, technology, continuing education, civic engagement, and international experiences.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not detailed, VUU's adoption of modern web frameworks and platforms indicates a commitment to technological advancement in educational delivery.

Scientific Methodologies

The university's focus on innovation suggests the incorporation of contemporary scientific methodologies and research practices within its academic programs.

Leadership Team

Key Executives

Dr. Hakim Lucas: President

Compensation: $590,889

Other Compensation: $112,707

Dr. Allia L. Carter: Chief Operating Officer

Compensation: $242,700

Other Compensation: $149

Mr. Franklin E. Patterson: Chief of Staff

Compensation: $224,462

Other Compensation: $258

Leadership Changes

In 2019, VUU appointed its first female athletic director, marking a significant milestone in the university's history.

Competitor Profile

Market Insights and Dynamics

As a historically Black university, VUU operates in a niche market focused on providing quality education to African American students. The market is characterized by a commitment to diversity, inclusion, and academic excellence.

Competitor Analysis

Key competitors include: